Home » Furniture Market Analysis, Development, Revenue, Future Growth and Forecast to 2028

Furniture Market Analysis, Development, Revenue, Future Growth and Forecast to 2028

by Steven Brown

The global furniture market size was USD 475.4 billion in 2020. This information is provided by Fortune Business Insights™, in its report, titled, “Furniture Market, 2021-2028.”

Closure of Furniture Shops amid COVID-19 Lockdown Constraints to Restrict Market Growth
The indeterminate existence of the COVID-19 lockdown limitations is leading to the closing down of upholstery shops around the globe.

List of Key Players Covered in the Furniture Market Report

  • Harman Miller Inc. (Michigan, U.S.)
  • Steelcase Inc. (Michigan, U.S.)
  • HNI Corporation (Lowa, U.S.)
  • Ashley Furniture Industries Inc. (Wisconsin, U.S.)
  • Duff & Phelps, LLC. (New York, U.S.)
  • Global Furniture USA (New Jersey, U.S.)
  • ZouYou (Shenzhen, China)
  • P & C ArteMobili SA (Nova Prata, Brazil)
  • Saudi Modern Factory Co. (Riyadh, Saudi Arabia)
  • DEDON GmbH (Luneburg, Germany)
  • Dare Studio (Worthing, England)

Report Coverage

We deliver reports which are ground on an all-inclusive review method that primarily accentuates on offering accurate information. Our scholars have used a data navigation approach which helps us to present reliable predictions and review the general market dynamics perfectly. Further, our researchers have attained admittance to several international as well as domestically funded records for offering up-to-date material so that the stakeholders and business experts capitalize only in fundamental zones.

Drivers and Restraints

Customers with Incapacity and Health Concerns to Augur Market Growth

The product’s competence to generate suitability, particularly for people with numerous kinds of problems, is assisting to nurture the demand for the product across the world. Moreover, huge number of hospital admittance owing to various health concerns is also measured as one of the important contributors to the growing demand. This is on account of the fact that the product is effortless to use, thereby deteriorating the usage of energy in brushing the teeth with a better cleanse.

Regional Insights

Europe is projected to display a substantial growth due to the existence of a huge number of geriatric population who are susceptible to numerous sorts of tooth ailments. This has created a necessity for the product.

Asia Pacific is anticipated to hold a considerable share in the global market. The elevating utilization of e-commerce platforms, which further results in an amplified expenditure on oral care products, comprising electric toothbrush, is probable to drive the consumption rate.

North America is holding the leading electric toothbrush market share, with a size of USD 1.04 billion in 2020. The surging growth of personal consumption spending among people of this region is projected to have a noticeable influence in elevating the sales for the product.

Report Coverage

The report offers valuable insights obtained by thorough study done by our researchers.

Driving Factors

Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth

Regional Insights

Asia Pacific to Hold Dominant Position in the Market through 2028

Asia Pacific market was worth USD 223.9 billion in 2020.

Industry Segmentation

  • Wood
  • Metal
  • Plastic
  • Others
  • Indoor
  • Outdoor
  • Residential
  • Office
  • Hotel
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa

Competitive Landscape

Collaborations among Corporations to Safeguard Their Brand Values in Global Market

One such tactic is to unveil novel products by teaming up with other companies to expand their reach to end-users.

Key Industry Development

May 2020: Theodore Alexander USA, Inc., who is a console table and chair products producer, teamed up with Ralph Lauren Corporation, a vital U.S. based fashion products company, to extend its business through the partner’s retail fashion stores based in the U.S.

Browse Detailed Overview of This Research:


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